Market Update: Sands China Ltd (01928) Rises Over 3% with Q3 Adjusted Property EBITDA Up 2.7%

Stock News10-23

Sands China Ltd (01928) has seen an increase of over 3%, currently up 3.04% at HKD 18.98, with a trading volume of HKD 248 million. The recent performance report from its parent company, Las Vegas Sands Corp., indicated that for the third quarter ending September, Sands China's net revenue rose by 7.5% year-on-year to USD 1.9 billion, while its net income increased by 1.5% to USD 272 million. The adjusted property EBITDA grew by 2.7% to USD 601 million. During this period, interest expenses after capitalized amounts were USD 187 million, compared to USD 179 million in the same quarter last year. The weighted average debt balance was USD 15.94 billion, up from USD 13.87 billion a year prior.

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